Muskrat Falls/Labrador Transmission Assets Funding Trust and Labrador-Island Link Funding Trust: Rating Report
DBRS Limited (DBRS) confirmed its AAA ratings with Stable trends on the 2013 and 2017 Guaranteed Senior Bonds (collectively known as the Bonds), totalling $7.9 billion, issued by the Muskrat Falls/Labrador Transmission Assets Funding Trust and Labrador-Island Link Funding Trust (collectively known as the Issuers). The rating is predicated on two unconditional and irrevocable federal loan guarantees: the 2013 federal loan guarantee and the 2017 federal loan guarantee (together known as the Guarantee) of substantially similar nature, provided by the Government of Canada (Canada or the Guarantor). This rating action follows DBRS’s October 13, 2017, confirmation of Canada’s sovereign rating at AAA with a Stable trend.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.